Hi everyone,

I would really appreciate your opinion on my portfolio.

Briefly about me:

I am 38 years old and unfortunately only started my Trade Republic portfolio about 2 years ago. I have been investing regularly since then. I can currently invest around €350 per month - I work in a gym 🥲, and unfortunately you don't earn very well there, you could almost call it a pittance.

In addition, I have my Bitcoin and Altcoin portfolio on Bitvavo... I can't share it here, too many errors in the coins and you can still change it somehow. I then deleted the connection again.

I played soccer until I was 32 (including 3rd league, mostly 4th league for many years) and was able to save up some capital during this time, which I later invested.

My long-term core consists of:

$IWDA (+0,09 %)

$EIMI (-0,89 %)

$TDIV (-0,42 %)

$BTC (+1,19 %)

Dividend / cash flow portfolio

I also have a portfolio with a focus on cash flow, the aim is to hold around 15 stocks with a solid dividend yield and ideally dividend growth.

Currently included are:

$O (+0,31 %) Realty Income

$RACE (-0,9 %) Ferrari

$PEP (-0,26 %) Pepsi

$MAIN (+0,33 %) Main Street Capital

$NOVO B (+0,73 %) Novo Nordisk

$ASML (+0,08 %) ASML

$ITX (-0,42 %) Inditex

$1211 (-0,42 %) BYD

$ZTS (-0,31 %) Zoetis

$BRO (+0,04 %) Brown & Brown

$SBUX (-0,47 %) Starbucks

$ITH (+1,59 %) Ithaca Energy PLC

This brings my current total to 12 shares, so there is still room for one or two additions.

One of the stocks on my watchlist is Vonovia $VNA (-0,14 %) with a dividend yield of just under 5%. However, the dividend growth doesn't look particularly good. As my wife will be starting work there soon, I've become more aware of the company for the first time ☺️

Other stocks on my watchlist:

Allianz

Vici

Linde

Microsoft

Waste Management

UnitedHealth Group

Mastercard

Visa

Texas Roadhouse

Nintendo

Enbridge

NextEra Energy

Wolters Kluwer (exciting sector, also corrected over 50% from ATH)

Amazon (for the yield/growth portfolio)

Maybe one or the other is missing $KO (-0,49 %) or $MCD (-0,29 %) but I had opted for $PEP (-0,26 %) and $SBUX (-0,47 %) and I don't want any more consumer stocks.

Pure growth portfolio

I also have a separate portfolio with a focus on share price growth:

$NVDA (+0,46 %) Nvidia

$NKE (+0,02 %) Nike

$MARA (+1,55 %) Mara Holdings

$BITF (+3,9 %) Bitfarms

$TTD (+0,29 %) The Trade Desk

$CRCL (+0,99 %) Circle Internet Group

$ADBE (-1,01 %) Adobe

$COIN (+1,19 %) Coinbase

$SMHN (-0,93 %) Suess Microtec

$PYPL (-0,01 %) PayPal

$HUT (+0,57 %) Hat 8

$DRO (+0 %) DroneShield

$LXS (-1,83 %) Lanxess

$PLTR (+0,16 %) Palantir

$WEED (+0,19 %) Canopy

$UBI (+1,63 %) Ubisoft

$MSTR (+1,5 %) Strategy

I am aware that I have built up a lot of positions over the last two years. I am therefore also planning to sort out some of them and concentrate more on selected stocks.

I am grateful for any assessment, criticism, tips or suggestions.

Best regards

Chris

November was once again a classic "rollercoaster month" - with a fortunately positive outcome. We started with a portfolio performance of -3% and then rose to +5% in the middle, then fell again to -2% and closed the month with around +8%! For the portfolio, this means that we have reached a new all-time high! 👍🏼

Start: 1,148,200 euros

End: 1,253,497 euros + 19,000 cash

Deposit: 30,000 euros

Profit: +94,297 euros (+8.2%)

Once again this month (as in October), my two gold positions were mainly responsible for the volatility, as they now account for 44% of my portfolio - but hey, I'm still convinced that there's a lot of potential in these stocks. So the rollercoaster will continue... 🎢

One of my less heavily weighted mining stocks, $SCZ (+1,89 %) SantaCruz Silver Mining, I sold completely on Friday after disappointing quarterly figures. Although the share is being driven by the strong silver price, this can quickly go in the other direction if the support falls away. The bottom line was a gain of +12% after only 6 weeks. We can be satisfied with that. I only have a total of 4 mines left in my portfolio: $KNT (-0,06 %)
$EQX (+0,83 %)
$BTO (+0,55 %) and $ESM (+1,25 %) .

Otherwise, I used the month to buy stocks that had fallen out of favor but that I am still convinced of. These include $PYPL (-0,01 %)
$NOVO B (+0,73 %)
$1810 (-3,52 %) (Xiaomi) $GLJ (-1,08 %) (Grenke), $LXS (-1,83 %) and $EVK (-0,57 %) have been. Novo-Nordirsk in particular presented a great opportunity a few days ago when the share price briefly plummeted by 10% without justification. 📉

At the same time, I was also able to realize a few profits. I took the opportunity to sell some of my Puma shares after the takeover rumors and at the beginning of the month I also sold Lufthansa, BHP Billiton and a small amount of Western Union (which has already been bought back at a lower price). 📈

I currently hold 19,000 euros in cash again and am waiting for the next opportunities! 💵

➡️🆓: On my way towards 4 million total assets, the target achievement rate is now 42.3%. 😊

Let's see how November turns out. As always, it remains exciting!

After giving a lot of thought to whether I should add to one of my many positions or look for a tidbit, I decided to welcome SAP to my portfolio - one of the few companies in Germany that still has sufficient potential, but is moving sideways this year.

In addition, I will probably be getting rid of some positions soon and cleaning up my portfolio a little by the end of the year - at least that's my plan... The following are the main ones that catch my eye

$PUM (-0,02 %)

$LXS (-1,83 %)

$PAH3 (-1,16 %)

$SIX2 (-1,17 %)

Once bought with the idea of dividends and a possible turnaround in mind, I doubt that the situation with these companies will change abruptly and now regard them more as yield killers.

SAP comes in handy as an addition in order to still be able to invest alongside $ALV (+0,07 %) and $DHL (-1,52 %) another German company in the portfolio.

>> Like, if you want a list like this every week.

MondayAugust 18, 2025:

- 08:00: Germany: Building permits (June) - indicator for construction activity.

- 11:00: Eurozone: Trade Balance (June) - Impact on EUR.

- 12:00: Germany: Bundesbank Monthly Report (August) - Monetary policy assessments.

- 16:00: USA: NAHB Housing Market Index (August) - leading indicator for the real estate sector.

- Corporate figures:

- Australia: BHP Group, annual figures (approx. 22:00).

- USA: Palo Alto Networks, Q4 figures (approx. 22:00).

TuesdayAugust 19, 2025:

- 08:00: Germany: Manufacturing order backlog/reach (June) - industrial activity.

- 10:00: Eurozone: ECB Current Account (June) - impact on EUR.

- 14:30: USA: Building Permits and Housing Starts (July) - housing market and economic sentiment.

- Corporate figures:

- Germany: Ceconomy, Hannover Re, K+S (approx. 07:00-08:00).

- USA: Home Depot, Q2 figures (approx. 12:00).

WednesdayAugust 20, 2025:

- 01:50: Japan: Trade Balance (July) - impact on JPY.

- 08:00: Germany: Producer prices (July) - inflationary pressure.

- 08:00: UK: Consumer prices (July) - signal for BoE policy.

- 16:30: USA: Crude Oil Inventories (week) - impact on oil prices.

- 20:00: USA: FOMC meeting minutes (July 29/30) - Fed interest rate policy.

- Corporate figures:

- Germany: Brenntag, E.ON, Porsche Automobil Holding (approx. 07:00-08:00).

ThursdayAugust 21, 2025:

- 09:15: France: Manufacturing/Services PMI (August, preliminary) - economic activity.

- 09:30: Germany: PMI Manufacturing/Services (August, preliminary) - Economic activity.

- 10:00: Eurozone: PMI Manufacturing/Services (August, preliminary) - Economic activity.

- 10:30: UK: PMI Manufacturing/Services (August, preliminary) - Economic Activity.

- 14:30: USA: Initial Jobless Claims (week) - Labor Market Health.

- 14:30: USA: Philadelphia Fed Business Outlook (August) - Regional Economic Indicator.

- 16:00: USA: Existing Home Sales (July) - Real Estate Market.

- 16:00: Eurozone: Consumer Confidence (August, preliminary) - Consumer Sentiment.

- Corporate figures:

- Germany: Hapag-Lloyd, LANXESS, HHLA (approx. 07:00-08:00).

- UK: Aviva, H1 figures (approx. 08:00).

- USA: Walmart, Q2 figures (approx. 13:00); Intuit, Q4 figures (approx. 22:00).

FridayAugust 22, 2025:

- 02:30: Japan: Jibun Bank PMI Manufacturing/Services (August, preliminary) - economic activity.

- 08:00: Germany: GDP (Q2, 2nd release) - economic activity.

- 08:00: UK: Retail Sales (July) - Consumer Behavior.

- 16:00-18:00 (expected): USA: Fed Chair Powell, speech at Jackson Hole - monetary policy.

- Corporate figures:

- Finland: Fortum, Q2 figures (approx. 08:00).

- Germany: H&R, mobilezone (approx. 07:00-08:00).

#FinX
$BHP (+2,17 %)
$HD (-0,81 %)
$WMT (+0,1 %)
$HLAG (-1,43 %)
$PAH3 (-1,16 %)
$FORTUM (-1,63 %)
$FOJCY
$LXS (-1,83 %)
$AV. (-0,63 %)

Allianz $ALV (+0,07 %) with record profit and share buyback

Allianz has achieved a record profit in day-to-day business in 2024. Operating profit rose by almost nine percent to over 16 billion euros. CEO Oliver Bäte is targeting an operating profit of between 15 and 17 billion euros for 2025. Despite this positive news, the Allianz share fell temporarily by 0.84 percent to 330.50 euros. However, there is good news for shareholders: The dividend will be increased by 11.6 percent to 15.40 euros, and share buybacks worth up to 2 billion euros are planned. The Group has set itself ambitious targets and wants to increase earnings per share to 31.50 euros by 2027. Allianz plans to improve its efficiency through new technologies such as artificial intelligence and wants to spend at least 75% of net profit on dividends and buybacks over the next few years.

Holcim $HOLN (-1,29 %) increases profit and plans spin-off

Holcim, the world's largest building materials group, increased its recurring operating profit EBIT by 6.1 percent to a record CHF 5.05 billion last year. Despite a decline in net profit of 4.4 percent to 2.93 billion Swiss francs, the Group is optimistic about the future. Holcim is planning to spin off its North American business, which is expected to be completed by mid-2025. Sales in North America stagnated at 11.7 billion dollars in 2024, but operating profit rose by 16 percent to 2.2 billion dollars. Group CEO Miljan Gutovic expects 2025 to be another record year for Holcim, supported by infrastructure projects in the USA. Further acquisitions are also planned in Europe and Latin America.

Berenberg rates Lanxess $LXS (-1,83 %) to Hold

The private bank Berenberg has downgraded the Lanxess share to 'Hold' and left the price target at 31 euros. Analyst Andres Castanos-Mollor justifies this decision with the assessment that the shares have risen too much. This movement was influenced by positive quarterly figures as well as factors such as hopes for peace in Ukraine and lower energy prices. Berenberg does not see any further upside potential in the current valuation, which is why the shares will now remain in the holding position.

Sources:

https://www.finanzen.net/nachricht/aktien/aktienrueckkaufprogramm-allianz-aktie-in-gruen-allianz-gibt-milliarden-fuer-aktienrueckkauf-aus-14278458

https://www.finanzen.net/nachricht/aktien/umsatzminus-holcim-aktie-mehr-betriebsgewinn-in-2024-14279781

https://www.finanzen.net/nachricht/aktien/analyse-flash-berenberg-senkt-lanxess-auf-hold-ziel-31-euro-14279904

I was inspired by a Focus Money article and because many people here are asking.

I won't be investing myself, it's too short-term for me. But there are still some very interesting companies.

Feel free to write in the comments whether such "copied articles" are of any use to the community or are legally correct :)

The signs of a peace process in Ukraine are solidifying. This is triggering a run on the stock market for shares that could benefit from reconstruction

Regardless of the political interpretation, the stock market has been turning its back on the war for several days now and is betting on the coming peace. Stocks that are likely to benefit from the reconstruction in Ukraine have soared. The UBS Ukraine Reconstruction Index, which comprises 25 of these stocks, has been climbing for days and is at an all-time high. "The effects of a possible ceasefire in Ukraine are still being underestimated on the financial markets," says Bernd Meyer, Chief Investment Strategist and Head of Multi Asset at Berenberg, who is convinced that the rally will continue. Reconstruction requires enormous resources. According to estimates by the World Bank, the costs for this amount to a total of 500 billion dollars - the equivalent of Austria's gross domestic product and more than three times Ukraine's annual economic output before the war. The money is likely to benefit construction companies, suppliers, infrastructure companies and banks in particular. European companies could be the main beneficiaries - especially from neighboring countries such as Poland and Hungary, but also the Czech Republic, Austria and Germany.

With Wärtsilä $WRT1V (-1,2 %) a provider of technologies for the shipping and energy markets, and Konecranes $KCR (-1,04 %) a manufacturer of industrial cranes and drive technology, Finnish companies are also on the list of potential peace beneficiaries - as are Italian companies such as the cement and building materials manufacturer Buzzi $BZU (-2,75 %) The list is long. There is a great need for building materials, steel and cables to restore the destroyed infrastructure and energy supply. There is still no thematic fund or ETF on the beneficiaries of the reconstruction in Ukraine. Investors who want to benefit from this are therefore well advised to combine several securities into a portfolio themselves.

Banks: Erste Group Bank $EBS (+1,06 %) Powszechna K. Osz $PKO (-1,33 %) Santander Polska $SPL (-1,55 %) Polska K. Opieki $PEO (-0,96 %) Raiffeisen Bank Int.$RBI (-0,05 %)

Construction: Wienerberger $WIE (-3,02 %) Sniezka Construction $SKA Strabag $STR (+0,36 %)

Insulation: Kingspan Group $KRX (-1,97 %) Rockwool $ROCK B

Glass: Cie de Saint-Gobain $SGO (-3,08 %)

Cranes: Konecranes $KCR (-1,04 %)

Cement: CRH $CRH (-2,07 %) Buzzi $BZU (-2,75 %) Holcim $HOLN (-1,29 %) Heidelberg Mat. $HEI (-1,92 %)

Construction machinery: Caterpillar $CAT (+1,02 %)

Mining: Ferrexpo $FXPO (+2,81 %) Metso $METSO (-1,28 %)

Chemicals: BASF $BAS (-0,64 %)

Industrial gases: Air Liquide $AI (-1,55 %)

Infrastructure: Schneider Electric $SU (+0,31 %) Rexel $RXL (-0,86 %) Wärtsilä $WRT1V (-1,2 %) Weir Group $WEIR (-0,95 %)

Infrastructure (E): Siemens Energy $ENR (-0,66 %) Prysmian $PRY (-0,2 %) NKT $NKT (+0,05 %) Nexans $NEX (+0,81 %)

Agriculture: Kernel $KER (+2,94 %)

Logistics(warehouse): Kion $KGX (-1,97 %)

Steel: Arcelor Mittal $MT (-0,06 %) and for stainless steels Outukompu $OUT1V (-0,45 %)

Sanitary technology: Geberit $GEBN (-0,74 %)

Specialty chemicals: Evonik $EVK (-0,57 %) Arkema $AKE (-2,31 %) Wacker Chemie $WCH (+1,88 %) Lanxess $LXS (-1,83 %)

A few days before the Bundestag elections, Wall Street has discovered its special love for Europe and German second-line stocks. The small cap index MDaxwhich is usually overshadowed by the Dax, is suddenly enjoying a level of attention not seen for years. Several major Wall Street addresses have published analyses of the index of medium-sized companies almost simultaneously.

The MDax is considered to be one of the most undervalued indices in the Old World and this is precisely what makes it particularly attractive from Wall Street's perspective. The Bundestag elections are fueling this bet: if Germany manages to turn the economy around afterwards, the MDax could benefit disproportionately.

Around a third of the MDax companies' business is attributable to the domestic market. Accordingly, the local misery has weighed much more heavily on the index. By contrast, the index has not yet priced in the economic policy stimuli that could arise after the election.

Possible beneficiaries are (examples):

Through lower energy costs:

$WCH (+1,88 %) | $LXS (-1,83 %) | $GBF (-0,99 %)

Improved consumer sentiment:

$CTS (-0,5 %) | $BOSS (-0,04 %) | $SIX2 (-1,17 %)

Suitable funds could be

$EXID (-0,38 %) | $MD4X (-0,39 %)

Source (excerpts) & graphic:

WELT editorial team "Alles auf Aktien"

⬆️⬆️⬆️

- DEUTSCHE BANK RESEARCH raises the price target for NIKE from USD 82 to USD 84. Buy. $NKE (+0,02 %)

- RBC raises the price target for ALPHABET A SHARE from USD 210 to USD 235. Outperform. $GOOGL (+0,83 %)

- RBC raises the price target for AMAZON from USD 225 to USD 255. Outperform. $AMZN (+0,08 %)

- RBC raises the price target for META from USD 630 to USD 700. Outperform. $META (+0,04 %)

- ODDO BHF raises the target price for MUNICH RE from EUR 540 to EUR 555. Outperform. $MUV2 (-0,89 %)

- ODDO BHF upgrades HERMES to Neutral. Target price EUR 2315. $RMS (+0,61 %)

- ODDO BHF raises the target price for AIRBUS from EUR 168 to EUR 180. Outperform. $AIR (+0,89 %)

- ODDO BHF raises the price target for FRAPORT from EUR 58 to EUR 61. Outperform. $FRA (-2,2 %)

- JPMORGAN raises the target price for FEDEX from USD 366 to USD 370. Overweight. $FDX (-0,89 %)

⬇️⬇️⬇️

- GOLDMAN lowers the price target for NIKE from USD 97 to USD 91. Buy. $NKE (+0,02 %)

- BOFA lowers the price target for NIKE from USD 95 to USD 90. Buy. $NKE (+0,02 %)

- ODDO BHF downgrades CARBIOS to Neutral. $ALCRB (-1,63 %)

- KEPLER CHEUVREUX lowers the price target for LANXESS from EUR 31 to EUR 30. Buy. $LXS (-1,83 %)

- HAUCK AUFHÄUSER IB lowers the target price for DEUTZ from EUR 8.50 to EUR 7. Buy. $DEZ (-0,39 %)

- BARCLAYS lowers the price target for VERTEX from USD 509 to USD 418. Equal-Weight. $VRTX (-0,83 %)

- GOLDMAN lowers the price target for BIRKENSTOCK from 59.10 USD to 57.90 USD. Neutral. $BIRK (+0,22 %)

- GOLDMAN downgrades TEAMVIEWER from Buy to Neutral and lowers target price from EUR 17 to EUR 12. $TMV (-1,22 %)

⬆️⬆️⬆️

- GOLDMAN raises the price target for DELL from USD 155 to USD 165. Buy. $DELL (-0,04 %)

- GOLDMAN raises the price target for ANALOG DEVICES from USD 247 to USD 261. Buy. $ADI (-0,49 %)

- GOLDMAN raises the price target for HP INC from USD 35 to USD 38. Neutral. $HPQ (-0,67 %)

- WARBURG RESEARCH raises the price target for VONOVIA from EUR 40.20 to EUR 42.30. Buy. $VNA (-0,14 %)

- WARBURG RESEARCH upgrades STRATEC from Hold to Buy. Target price 40 EUR. $SBS4

- DEUTSCHE BANK RESEARCH raises the price target for DEUTSCHE BÖRSE from EUR 235 to EUR 237. Buy. $DB1 (-0,61 %)

- MORGAN STANLEY raises the target price for DEUTSCHE TELEKOM from EUR 33 to EUR 38. Overweight. $DTE (-0,91 %)

- GOLDMAN raises the price target for TRATON from EUR 31.80 to EUR 35.50. Neutral. $8TRA (-2,57 %)

- GOLDMAN raises the price target for BRENNTAG from EUR 94 to EUR 95. Buy. $BNR (+0,07 %)

- BERENBERG upgrades EQUINOR from Hold to Buy and raises target price from NOK 290 to NOK 325. $EQNR (+1,19 %)

- JPMORGAN raises the target price for BEIERSDORF from EUR 150 to EUR 160. Overweight. $BEI (+0,64 %)

- JPMORGAN upgrades HENKEL from Neutral to Overweight and raises target price from EUR 82 to EUR 100. $HEN (-0,85 %)

- JPMORGAN upgrades BRITISH AMERICAN TOBACCO to Neutral. $BATS (+0,1 %)

- JPMORGAN raises the price target for EON from EUR 15.50 to EUR 16. Overweight. $EOAN (-1,7 %)

- JPMORGAN raises the target price for AUTO1 from EUR 12.10 to EUR 17.10. Overweight. $AG1 (+1,12 %)

⬇️⬇️⬇️

- STIFEL lowers the price target for SIEMENS from EUR 207 to EUR 202. Buy. $SIE (+1,08 %)

- JPMORGAN lowers the price target for HP INC from USD 41 to USD 40. Overweight. $HPQ (-0,67 %)

- WARBURG RESEARCH lowers the price target for LANXESS from EUR 40 to EUR 37. Buy. $LXS (-1,83 %)

- CITIGROUP lowers the price target for BASF from EUR 49 to EUR 46. Neutral. $BAS (-0,64 %)

- RBC lowers the target price for COMMERZBANK from EUR 18 to EUR 17.25. Sector Perform. $CBK (+0,86 %)

- RBC lowers the target price for ING from EUR 17.50 to EUR 16.75. Sector-Perform. $ING (+0,81 %)

- RBC lowers the price target for BNP PARIBAS from EUR 79 to EUR 78. Outperform. $BNP (-0,24 %)

- JPMORGAN lowers the price target for ELRINGKLINGER from EUR 6.70 to EUR 6. Neutral. $ELLRY (+0 %)

- JPMORGAN lowers the price target for SYMRISE from EUR 130 to EUR 120. Overweight. $SY1 (+1,35 %)

Analyst updates, 22.11.

⬆️⬆️⬆️

- WARBURG RESEARCH raises the price target for SYMRISE from EUR 115 to EUR 116. Hold. $SY1 (+1,35 %)

- HAUCK AUFHÄUSER IB upgrades SECUNET from Hold to Buy and raises target price from EUR 102 to EUR 123. $YSN (+1,91 %)

- CITIGROUP raises the price target for ALSTOM from EUR 22 to EUR 26. Buy. $ALO (+0,1 %)

- BERENBERG upgrades BRENNTAG from Hold to Buy. Target price EUR 76. $BNR (+0,07 %)

⬇️⬇️⬇️

- WARBURG RESEARCH lowers the price target for PROSIEBENSAT.1 from EUR 8 to EUR 6.50. Hold. $PSM (-1,49 %)

- WARBURG RESEARCH lowers the price target for RTL from EUR 40 to EUR 34. Buy. $RTLL (-0,34 %)

- LBBW lowers the price target for LANXESS from EUR 29 to EUR 28. Buy. $LXS (-1,83 %)

- HAUCK AUFHÄUSER IB lowers the price target for CTS EVENTIM from EUR 107 to EUR 105. Buy. $EVD (-1,32 %)

- HAUCK AUFHÄUSER IB lowers the price target for BEFESA from EUR 38 to EUR 35. Buy. $BFSA (-0,53 %)

- BERENBERG lowers the target price for RENK from EUR 35 to EUR 33. Buy. $DE000RENK730 (-1,74 %)

- UBS lowers target price for RWE from EUR 49 to EUR 45. Buy. $RWE (-0,64 %)